Faith Mphatso Chiwaula
Lilongwe,Central Region
Summary
A Valuable Consultant offering strong research and problem-solving skills. Adept at performing risk assessment procedures on key business activities and processes. Knowledgeable of business and financial language.
A Talented Auditor gauging levels of financial risks for clients in various industries. Smart individual offering strong attention to detail. Resourceful Accounting professional with 5+ years of experience in audit preparation and reporting.
Overview
12
12
years of professional experience
Work History
Internal Auditor
Meanwood finance coopertion
Lusaka, Lusaka Province
05.2022 - 05.2023
- Developed auditing program to address risks and evaluate regulatory requirements.
- Performed internal audits of financial and departmental operations, developing risk assessments and conducting process walk throughs for compliance with documented processes.
- Performed strategic planning, execution and finalization of audits using data analytics and critical thinking skills.
- Evaluated company's policies to determine how well standards adhered to best practices.
- Identified and reported 100% of audit issues.
- Recommended new methods to improve internal controls and operating efficiency.
- Trained 50 newly hired employees on company processes, procedures and deadlines.
- Administered 174 auditing program to address risks and evaluate compliance with regulatory requirements.
- Handled 100% of major risks in collaboration with management.
- Prepared audit programs and documentation in alignment with Generally Accepted Auditing Standards (GAAS).
Senior Auditor
The Christos Consulting Group
lusaka
01.2021 - Current
- Developed and implemented corrective actions to bring business areas in line with standards.
- Identified control gaps in processes, procedures and systems through in-depth research and assessment and suggested methods for improvement.
- Developed audit policies, guiding administrative and technical functions.
- Prepared working papers, reports and supporting documentation for audit findings.
- Consulted 430 clients on internal control systems development and audit program improvements.
- Identified 98% of management control weaknesses and provided value added suggestions for remediation.
- Interviewed business owners to understand needs and explain audit scope.
- Kept up-to-date with tax changes and industry trends by participating in professional organizations, opportunities, and networks.
- Found tax solutions to complicated tax issues or errors from incorrect tax filings.
- Developed financial models to assess and analyze financial performance of clients.
- Cooperated with senior leaders to create operating budgets and initiate financial planning.
- Partnered with auditors to track errors and add contributions to maintain accuracy.
- Completed 100% audit papers by thoroughly documenting audit tests and findings.
- Maintained professional knowledge by attending 21 professional and carrier workshops annually
- Found tax solutions to complicated over 500 tax issues or errors from incorrect tax filings
Finance & Tax Consultant
The Christos Group
Lilongwe
07.2019 - Current
- Created organizational structures to improve accounting and finance functions.
- Managed regular finance tracking for numerous branch offices and headquarters expenses. managed to save 18% of expenses
- Supported operations management, sales, and marketing efforts to increase revenue and overall financial health.
- Trained new and existing staff members in various financial procedures to prepare for job requirements.
- Executed vendor setup and payment, administration of bank accounts and account reconciliations.
- Completed filings and upheld strict compliance with regulatory agencies and supervisors.
- Processed invoices and contacted appropriate parties for timely payment receipt.
- Developed forecasting tools to analyze revenue variances and capitalize on industry trends.
- Developed and implemented financial models to analyze complex information and assess health of organization.
- Used relevant financial technology to generate reports and recommended courses of action to upper management.
- Researched macroeconomic, industry and company-specific data to inform investment decisions.
- Assisted walk-in traffic with identifying financial needs and goals to provide customized solutions.
- Worked with clients to support understanding of rationale and details of financial strategies.
- Assisted clients with preparing financial plans, conducting investment research, and completing trades and transactions to assess and meet financial goals.
- Educated clients on various financial matters and provided professional recommendations on investment opportunities, products, and services based on each clients' individual needs.
- Helped individuals and families build and execute wealth management strategies based on unique goals and objectives.
- Facilitated presentation and recommendation of services by optimizing client relationships.
- Educated clients on various financial matters and provided professional recommendations on investment opportunities, products and services based on individual needs.
- Facilitated new client onboarding process and investment account setup.
- Presented financial plans and investment recommendations to clients.
- Assisted clients with budgeting and cash flow management.
- Educated clients on potential risks and rewards associated with various investments.
Financial Analyst
The Christos Group
Lilongwe
02.2019 - Current
- Collected data and developed detailed spreadsheets to identify trends and create revenue, profitability, and expense forecasts.
- Reviewed financial reports and streamlined operations to increase productivity and company profits.
- Determined pricing, margins and risk factors for active and proposed projects.
- Developed corporate investment strategies to drive growth and security.
- Provided strategic planning advice and financial oversight for corporate stakeholders.
- Conducted detailed financial analysis to identify and evaluate changes in operations, trends and potential areas of improvement.
- Performed complex financial and budget analyses to determine requirements and justify requested funding.
- Helped clients make optimal decisions on amounts and timing of capitalization.
- Researched macroeconomic, industry and company-specific data to inform investment decisions.
- Reviewed and analyzed project spending throughout project life cycle.
- Assisted companies with choosing and timing investments for optimal results.
- Generated comprehensive reports on portfolio performance and risk assessment.
- Developed financial models to assess potential investments and identify potential risks.
- Conducted due diligence on potential investments and presented findings to investors.
- Evaluated performance of existing investments and adjusted accordingly.
- Assisted in preparation of presentations, data tables and other documents for investor meetings.
- Monitored market trends and news to identify emerging opportunities.
- Created and maintained precise and accurate models, charts and reports.
- Created financial strategies to optimize portfolio performance and reduce risk.
- Developed financial projections and forecasts to guide investment decisions.
- Analyzed and processed project specifics before capital deployments.
- Presented oral and written reports on general economic trends, individual corporations and entire industries.
- Developed and implemented financial models to analyze complex information and assess health of organization.
- Developed forecasting tools to analyze revenue variances and capitalize on industry trends.
Tax Consultant
The Christos Group
Lilongwe
01.2019 - Current
- Interviewed over 1000 clients to obtain additional information on taxable income, deductible expenses and allowances.
- Furnished taxpayers with sufficient information and advice to facilitate correct tax form completion.
- Checked data input and verified totals on forms prepared by others to detect errors in arithmetic, data entry or procedures.
- Used appropriate adjustments, deductions and credits to keep client's taxes to minimum.
- Utilized tax software to prepare returns and meet deadlines.
- Contacted MRA or other relevant government organizations on behalf of client to address issues related to tax self-preparation.
- Prepared written responses or tax return amendments to resolve state and federal notices.
- Offered clients recommendations to reduce tax liabilities.
- Completed and filed returns with tax departments at local, state, and federal levels.
- Researched tax implications for various deductions and credits.
- Consulted with clients to assess and mitigate future tax liabilities and determine eligibility for tax abatement.
- Conducted reviews of internal tax documentation, reducing errors related to missed tax benefits.
- Facilitated integration of modern tax software with 70 clients accounting software.
- Contacted MRA or other relevant government organizations on behalf of client to address issues related to tax self-preparation.
- Maintained complete records of 50 client tax returns and supporting documentation in secured areas.
- Facilitated communication between clients and tax authorities.
- Analyzed financial documents to accurately reflect client information on tax returns.
- Reviewed clients tax filing papers thoroughly to determine eligibility for additional tax credits or deductions.
Audit Tax Consultant
The Christos Group
Lilongwe
10.2018 - Current
- Kept up-to-date with tax changes and industry trends by participating in professional organizations, opportunities, and networks.
- Used accounting software to issue tax returns and prepare consolidated reports.
- Developed financial models to assess and analyze financial performance of clients.
- Initiated comprehensive account assessments to check viability, stability, and profitability of business operations.
- Conducted technical and analytical reviews of tax returns to check for accuracy and qualified deductions.
- Found tax solutions to complicated tax issues or errors from incorrect tax filings. managed to save 25% on taxes
- Trained new employees on accounting principles and company procedures.
- Identified legal tax savings and recommended ways to improve profits.
- Diminished outstanding debts by analyzing accounts for issues.
- Reviewed accounts, resolved coding areas, and tracked recurring expenses for accrual entry.
- Collected and reported monthly expense variances and explanations.
- Collaborated with accounting manager to comply with governing bodies and limit regulatory risks.
- Prepared working papers, reports and supporting documentation for audit findings.
- Researched technical tax issues to define tax effect or impact of certain tax positions.
FINANCIAL FRAUD INVESTIGATOR
The Christos Group
Lusaka, Lusaka
05.2018 - Current
- Used critical thinking to break down problems, evaluate solutions and make decisions.
- Worked flexible hours across night, weekend and holiday shifts.
- Strengthened communication skills through regular interactions with others.
- Paid attention to detail while completing assignments.
- Identified issues, analyzed information and provided solutions to problems.
- Acted as team leader in group projects, delegating tasks and providing feedback.
- Exercised leadership capabilities by successfully motivating and inspiring others.
- Assisted with day-to-day operations, working efficiently and productively with all team members.
FINANCE OFFICER
MALAWI REVENUE AUTHORITY
Lilongwe
01.2016 - 12.2020
- Established and enforced controls on revenue and expenses to protect company assets.
- Collaborated with team leaders to define standards, policies and procedures to meet company revenue goals.
- Achieve 80% of revenue targets
- Collecting, banking and reporting government revenue.
- Conducting Revenue reconciled 8.9billion of outstanding government revenue
- Preparing dairy, weekly and monthly revenue reports
- Managing Governments Accounts
- Partnered with IT and operational leadership to develop financial business plans with detailed benchmarks.
- Analyzed financial statements against forecasts to prepare high-level variance analysis.
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
- Verified compliance of financial policies and accounting procedures against federal regulations.
- Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
- Enhanced internal control systems and procedures to mitigate risk and support opportunities.
- Generated financial and operational reports to assist management with business strategy.
Revenue Officer
Malawi Revenue Authority (MRA)
Mchinji
08.2013 - 03.2016
- Conducted research, interviews and investigations for information pertaining to alleged criminal violations.
- Help to reduce tax climes by 40%
- Provided guidance and service on various financial problems in order to assist taxpayers' in resolving tax issues.
- Furnished taxpayer assistance and information to general public.
- Collected delinquent federal taxes and secured all delinquent returns.
- Prepared tax returns for individuals and businesses.
- Produced briefs, located records and organized documentation to support court cases.
- Processed tax payments, set up payment plans and worked with delinquent taxpayers to resolve issues.
- Interpreted and applied federal and state tax codes for personal, business and corporate taxes.
- Professionally negotiated and dealt with taxpayers in confrontational situations.
- Conducted over 100 call audits to assess interaction quality, accuracy and service success.
- Recommended financial solutions in relation to tax implications.
- Responded to taxpayer questions and helped individuals complete and file tax documents.
- Kept case data and contact information up to date to expedite proceedings.
- Considered alternative means of resolving tax debt issues if taxpayer could not pay
ACCOUNTANT
SAMA GENERAL DEALERS
BLANTYRE
01.2011 - 07.2013
- Completed daily cash functions like account tracking, payroll and wage allocations, budgeting, donating, and cash, and banking reconciliations.
- Documented cash, credit, fixed assets, accrued expenses, and line of credit transactions.
- Reconciled accounts and reviewed expense data, net worth, and assets.
- Maintained up-to-date knowledge on professional accounting standards to manage financial recordkeeping.
- Evaluated and improved financial records to make important business decisions.
- Improved data collection, financial analysis and financial modeling to optimize practices and retain customers.
- Gathered financial information, prepared documents, and closed books.
- Conducted technical and analytical reviews of tax returns to check for accuracy and qualified deductions.
- Partnered with auditors to track errors and add contributions to maintain accuracy.
- Prepared and filed tax forms to meet needs of customers.
- Reviewed business operations and obligations to help organization function at acceptable level.
- Used advanced software to prepare documents, reports, and presentations.
- Detected and corrected mistakes early on and implemented systems to avoid recurring issues.
- Initiated comprehensive account assessments to check viability, stability, and profitability of business operations.
- Leveraged finance knowledge to strengthen controls and improve transparency.
- Reviewed accounts, resolved coding areas, and tracked recurring expenses for accrual entry.
- Identified legal tax savings and recommended ways to improve profits.
- Diminished outstanding debts by analyzing accounts for issues.
- Developed financial models to assess and analyze financial performance of clients.
- Collected and reported monthly expense variances and explanations.
- Collaborated with accounting manager to comply with governing bodies and limit regulatory risks.
- Maintained integrity of general ledger and chart of accounts.
- Provided journal entries and performed accounting on accrual basis.
- Cooperated with senior leaders to create operating budgets and initiate financial planning.
- Prepared working papers, reports and supporting documentation for audit findings.
- Used accounting software to issue tax returns and prepare consolidated reports.
- Compiled general ledger entries on short schedule with 100% accuracy.
Education
MBA -
University of London
United Kingdom05.2024
Proffessional - Auditing
Institute of Internal Auditors
Online12.2023
Profession Qualification - Financial Analyst
Corperate Finance Institute
Online07.2023
Proffessional Qualification - Financial Forensics And Fraud Investigation
West Virginia University
United States Of America04.2023
ACCA - Accounting
Malawi College of Accountancy
Blantyre03.2013
Bachelor of Science - Commerce Economics
Midlands State University
Zimbabwe06.2012
Skills
- Client relationship management
- Process mapping
- Root cause analysis
- Internal controls
- Risk management
- Risk assessment
- Critical thinking and analysis
- Results orientation
- Multitasking abilities
- Analytical and critical thinking
- Teamwork and collaboration
- Decision-making
- Flexible and adaptable
Accomplishments
- Managed to beat station revenue collection targets by 90%, 108%, & 88% for three consecutive years
- Managed to recover over k48,million tax revenue from tax invaders in one financial year.
- Facilitated the use of door to door taxpayer education to encourage more potential taxpayers to register and pay taxes. managed to register over 2700 new & compliant taxpayer in just 3 months. thus increased our revenue collection by 71%..
- Discovered 7 charter roots that tax invaders use to smuggle goods into malawi and recommended management to place road blocks in all the charter routes hence 300 smugglers were caught arrested in just one year
- Demonstrated a highest level of integrity by Handled billions of Malawi government revenue for 5 years without any shortage or mismanagement of the funds in the branches i saved by putting in place and strengthen internal controls that prevent and detect fraud.
- Innovation
- Introduced new digital way of of collecting revenue from taxes by bank transfers and mobile money transfers at by branch . this saved the taxpayers the burden of carrying cash to the tax office hence less chances of loosing government revenue through thefts.
- the system increases the timely limitace of tax liability by tax payers.
- it saves also government resources i.e. fuel and allowances by 50% since officer will not need to go out more often to collect taxes door to do
- led 15 audit team members to test cost controls for 7 branches for microfinance company and also conducted audit procedures. the exercise helped clients to reduce costs by 35%
- initiated company research ,analysis and report for 16 companies that are in a free trade zone of COMESA. the engagement eatnred te company and extra revenue of $1MILLION.
- Supervised 32 Audit assignments that contributed 48% of The Christos Group audit revenue .
- Led 3 fraud investigative audit which resulted in the successfully prosecution of 8 members of staff for our client and recovery of K87 million
MALAWI EVENUE AUTHORITY
REVENUE OFFICER 2013-2016
MALAWI REVENUE AUTHORITY 2016-2019
FINANCE OFFICER
the system was later adopted by the whole organization.
THE CHRISTOS GROUP 2019- Present
AUDITOR
Affiliations
ACCA MEMBER
IIA
ICAM
ZICA
MBA
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Timeline
Internal Auditor
Meanwood finance coopertion
05.2022 - 05.2023
Senior Auditor
The Christos Consulting Group
01.2021 - Current
Finance & Tax Consultant
The Christos Group
07.2019 - Current
Financial Analyst
The Christos Group
02.2019 - Current
Tax Consultant
The Christos Group
01.2019 - Current
Audit Tax Consultant
The Christos Group
10.2018 - Current
FINANCIAL FRAUD INVESTIGATOR
The Christos Group
05.2018 - Current
FINANCE OFFICER
MALAWI REVENUE AUTHORITY
01.2016 - 12.2020
Revenue Officer
Malawi Revenue Authority (MRA)
08.2013 - 03.2016
ACCOUNTANT
SAMA GENERAL DEALERS
01.2011 - 07.2013
MBA -
University of London
Proffessional - Auditing
Institute of Internal Auditors
Profession Qualification - Financial Analyst
Corperate Finance Institute
Proffessional Qualification - Financial Forensics And Fraud Investigation
West Virginia University
ACCA - Accounting
Malawi College of Accountancy
Bachelor of Science - Commerce Economics
Midlands State University
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